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Updated on: Thursday, May 30, 2019, 12:51 PM IST

NITI Aayog recommended closure of 26 sick PSUs

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New Delhi  : Of the 76 loss-making public sector companies identified by NITI Aayog, 26 companies have been recommended for closure, a  government source said on Wednesday.

“NITI Aayog has identified a list of 76 sick PSUs, out of which 26 are recommended for closure,” the government source told reporters on the sidelines of an event.

NITI Aayog has also identified 10 loss-making PSUs for strategic divestment. The think tank, after a detailed analysis, has given recommendations on each of the loss-making PSU’s identified in the list, the source said.

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Among others in the list, 22 companies including Air India have been recommended for revival, while five companies, comprising mostly hotels, are to be considered for long-term lease.

Apart from these, three companies have been identified for merger with parent central public sector enterprises and six for transfer sale to state government. NITI Aayog was tasked with identifying loss-making PSUs and state-owned companies to be considered for strategic sale by the Department of Investment and Public Asset Management.

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Published on: Thursday, September 08, 2016, 12:05 AM IST
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